SHE:301501 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Cash & Equivalents	264.62	295.63	225.31	265.55	132.37	97.26	Upgrade
Trading Asset Securities	482.04	-	-	-	0.02	-	Upgrade
Cash & Short-Term Investments	746.65	295.63	225.31	265.55	132.39	97.26	Upgrade
Cash Growth	231.38%	31.21%	-15.15%	100.58%	36.13%	-39.45%	Upgrade
Accounts Receivable	197.8	172.73	158.98	104.95	67.45	42.01	Upgrade
Other Receivables	3.6	2.26	3.34	2.9	1.96	16.15	Upgrade
Receivables	201.4	174.99	162.33	107.85	69.4	58.16	Upgrade
Inventory	254.21	202.63	217.31	193	144.81	118.65	Upgrade
Other Current Assets	47.98	43.14	38.82	24.47	16.01	13.88	Upgrade
Total Current Assets	1,250	716.39	643.77	590.87	362.62	287.94	Upgrade
Property, Plant & Equipment	1,335	1,139	809.34	547.69	292.59	187.66	Upgrade
Long-Term Investments	7	-	-	2.15	7.62	18.84	Upgrade
Other Intangible Assets	105.14	63.36	49.06	41.47	32.27	16.58	Upgrade
Long-Term Deferred Tax Assets	19.91	24.71	21.36	11.2	7.58	3.05	Upgrade
Long-Term Deferred Charges	7.46	7.66	8.13	7.9	8.74	2.98	Upgrade
Other Long-Term Assets	43.18	33.51	40.7	12.02	21.76	13.85	Upgrade
Total Assets	2,768	1,984	1,572	1,213	733.19	530.91	Upgrade
Accounts Payable	340.56	220.67	307.19	291.03	144.19	77.17	Upgrade
Accrued Expenses	33.36	49.27	32.46	23.66	18.88	19.36	Upgrade
Short-Term Debt	70.05	259.16	95.08	75.07	12.36	35.03	Upgrade
Current Portion of Long-Term Debt	51.36	32.42	-	-	-	-	Upgrade
Current Portion of Leases	-	8.73	9.74	4.77	3.66	-	Upgrade
Current Income Taxes Payable	15.35	9.25	11.25	11.1	5.14	4.28	Upgrade
Current Unearned Revenue	5.32	9.13	7.74	8.77	7.74	5.74	Upgrade
Other Current Liabilities	2.65	104.47	25.3	6.78	1.17	4.47	Upgrade
Total Current Liabilities	518.63	693.11	488.77	421.18	193.14	146.06	Upgrade
Long-Term Debt	72.5	94.07	110.46	74.43	-	-	Upgrade
Long-Term Leases	8.42	12.81	25.44	19.45	19.38	-	Upgrade
Long-Term Unearned Revenue	25.43	25.98	19.28	8.36	2.84	2.94	Upgrade
Long-Term Deferred Tax Liabilities	6.29	5.96	9.23	6.6	5.43	-	Upgrade
Other Long-Term Liabilities	-	37.29	37.29	35.69	30.69	19.61	Upgrade
Total Liabilities	631.27	869.22	690.49	565.71	251.48	168.6	Upgrade
Common Stock	147.9	76.5	76.5	76.5	76.5	72	Upgrade
Additional Paid-In Capital	1,152	345.57	345.57	346.72	346.51	78.43	Upgrade
Retained Earnings	753.22	619.34	399.44	185.58	38.11	203.23	Upgrade
Comprehensive Income & Other	11.34	5.06	-	-	-	-	Upgrade
Total Common Equity	2,064	1,046	821.51	608.8	461.13	353.66	Upgrade
Minority Interest	72.48	68.74	60.36	38.78	20.58	8.64	Upgrade
Shareholders' Equity	2,137	1,115	881.87	647.57	481.71	362.3	Upgrade
Total Liabilities & Equity	2,768	1,984	1,572	1,213	733.19	530.91	Upgrade
Total Debt	202.32	407.2	240.73	173.72	35.4	35.03	Upgrade
Net Cash (Debt)	544.33	-111.57	-15.42	91.83	96.99	62.22	Upgrade
Net Cash Growth	-	-	-	-5.32%	55.88%	-41.05%	Upgrade
Net Cash Per Share	4.11	-1.00	-0.14	0.83	0.93	-	Upgrade
Filing Date Shares Outstanding	147.9	110.93	110.93	110.8	110.93	-	Upgrade
Total Common Shares Outstanding	147.9	110.93	110.93	110.8	110.93	-	Upgrade
Working Capital	731.6	23.29	154.99	169.69	169.48	141.89	Upgrade
Book Value Per Share	13.96	9.43	7.41	5.49	4.16	-	Upgrade
Tangible Book Value	1,959	983.11	772.45	567.33	428.85	337.08	Upgrade
Tangible Book Value Per Share	13.25	8.86	6.96	5.12	3.87	-	Upgrade
Land	-	19.22	-	-	-	-	Upgrade
Buildings	-	466.23	197.48	113.4	107.01	96.8	Upgrade
Machinery	-	607.87	428.1	300.04	231	167.36	Upgrade
Construction In Progress	-	258.57	319.72	246.9	39.59	9.52	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.